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Locals urged to support trade of jumping prices

Locals urged to support trade of jumping prices

strand-craft-tata

Tata Maurice is a familiar crafts vendor at the Mole. Since the reopening of the Strand Hotel, he has seen his sales improve.

strand-craft-Jennifer

Jennifer Muprayi has been selling her crafts for the past eight years to tourists at Swakopmund’s popular Mole where the Strand Hotel is the anchor establishment.

The Strand Hotel in Swakopmund plays a major role in the livelihood of craft traders who exhibit their arts and craft products at the popular Mole on a daily basis. While some traders believe their businesses are doing better than when the hotel was under construction, others say more support from the local public could help stretch their pockets just a bit further.
Craft trader Bau Gonyora is excited, saying his business has taken a positive turn since the hotel opened its doors. “I recall the days when the hotel was demolished and there was little movement of tourists in the area. This affected my business severely and I went home many times with nothing to put on the table. However, since the hotel opened its doors last year, business has certainly picked up and I am now excited about the future of myself and my fellow traders. We do need more local support though. Support from our own people would make a big difference in our lives.”
Jennifer Chido Muprayi, a craft trader since 2008, expressed her delight at the positive impact the Strand Hotel has had on her business. “I am very happy that the construction of Strand Hotel was completed because it definitely brings more tourists and even locals to the Mole which results in more sales for us traders. I see a positive difference in my revenue since the opening compared to the time the hotel was first demolished and even during construction. I am positive that things can only get better and I would like to urge the local community to also support us.”
Tata Maurice reiterated the words of Gonyora and Muprayi saying things are definitely looking up for them. He is one of the optimistic traders who believed business will improve immensely for them once the Strand Hotel has come to life.“While I am not yet where I want to be, I am happy that I can put bread on the table for my family. Sometimes business is slow but having the right attitude is what keeps me going. It is such a specialized trade that requires time, dedication and passion and if only more people of the local community can support us other than tourists, it will be so much more rewarding” he said.
The Ohlthaver & List Group Manager, External Relations, Roux-che Locke commented “we are happy to support the communities in which we operate and create opportunities to improve the livelihoods of others. The O&L culture embraces diversity across our businesses and beyond, as such we support initiatives that are sustainable, enhance the lives of community members and conserve our natural resources. I would like to urge locals and tourists alike to support the craft traders with their beautiful art which they do with so much passion and commitment.”

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.